Top News
Fannie Mae Funded $14.5Bln of Multifamily Loans in 3Q
Commercial Real Estate Direct Staff Report Fannie Mae funded $14.5 billion of multifamily loans during the third quarter, bringing its total lending activity for the year so far to 1,930 loans with a balance of $45.8 billion. That compares to...
Dutch Pension Partners on Chrysler Building, Capitalizes Tishman Separate Account
Tishman Speyer has formed a separately managed account with Dutch pension Bouwinvest Real Estate Investors to own the leasehold interest in Manhattan's Chrysler Building and would pursue other trophy office properties across the country. Earlier this month, Tishman completed the...
Amcor Holdings Buys Chicago Office Building at Discount
Crain's Chicago Business Amcor Holdings has paid $11.5 million, or $91.79/sf, for the 125,285-square-foot office building at 500 Davis St. in the Chicago suburb of Evanston, Ill. The Westmount, Quebec, investment firm acquired the property from a venture led by...
Phillips Edison Pays $16.4Mln for Pompano Beach, Fla., Retail Center
South Florida Business Journal Phillips Edison & Co. has paid $16.4 million, or $356.26/sf, for the 46,034-square-foot Planet Fitness Plaza in Pompano Beach, Fla. The Cincinnati REIT acquired the retail property from an unidentified Fort Lauderdale, Fla., investor group that...
133,000-SF Office Building in Atlanta Sold for $30Mln
Atlanta Business Chronicle A venture led by SG Property Services has paid about $30 million, or $226/sf, for Peachtree Palisades, a roughly 133,000-square-foot office building in Atlanta's Buckhead area. Holder Properties, which had paid just over $23 million for the...
Apartments in Richmond, Va., Area Sell for $107.7Mln
Frontier Group of Cos. has paid $107.7 million, or $347,419/unit, for the 310-unit Bainbridge Midlothian apartment complex in the Richmond, Va., suburb of Midlothian, Va. The Buffalo, N.Y., company, best known for its environmental remediation and industrial development capabilities,...
JRK Pays $67.3Mln for Chicago Apartment Property
Crain's Chicago Business JRK Property Holdings has paid $67.3 million, or $343,367/unit, for the 196-unit apartment building at 1250 North LaSalle St. in Chicago's Gold Coast neighborhood. The Chicago investor acquired the property from a venture of Strategic Properties...
David Werner Seen Buying Stake in Manhattan’s 605 Third Ave. Office
The Real Deal David Werner is said to be buying the 49% stake in the 1.03 million-square-foot 605 Third Ave. office building in Midtown Manhattan from JPMorgan Asset Management, which offered the stake through Newmark. The remaining stake in the...
Houston Apartment Property Sells for $31.5Mln
Sorrento Property Group has sold the 324-unit Holly View Apartments in Houston for $31.5 million, or $97,222/unit, to Accel Equity Group. Sorrento is a New York investor led by Raphael Toledano, who founded the company in 2012. It pursues...
Securitized Manufactured-Housing Loans Remain Conservatively Underwritten
The median loan-to-value ratio of mortgages against manufactured-housing properties that were securitized so far this year decreased to 58.2% from 59.6% for all of last year.
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